UPDATE 11/13/24 – The Stop Terror-Financing and Tax Penalties on American Hostages Act has failed to pass the House with…
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Charitable Reform
New Donor Advised Fund Regulations Bring Congressional Republicans and Democrats Together
Just when it looked like nothing could bring together Congressional Republicans and Democrats in any meaningful bipartisan effort, the IRS…
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Sweeping Changes Proposed for Donor Advised Fund Rules
The Accelerating Charitable Efforts Act (ACE Act), introduced by Senators Grassley and King, aims to restructure the laws governing donor…
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NY Attorney General Calls Out Trump Foundation for Illegal Conduct
An important—and often overlooked—topic for exempt organizations is that they are subject to regulation at the state level, in addition…
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New Tax Law Focus: Deduction Sacked for Season Ticket Holders
This post continues our focus on the Tax Cuts and Jobs Act provisions that affect the tax-exempt sector. One change…
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Bah Humbug! Tax Bill’s Troublesome Implications for Nonprofit Sector
The most recent tax reform effort has drawn criticism on many fronts, and there are a number of troubling provisions…
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Colorado AG Proposes New Charity Fraud Unit
The Colorado Attorney General’s Office is proposing a new unit to focus on investigating charitable fundraising fraud. Colorado Attorney General…
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California Nonprofit “Warning Label” Proposal Draws Fierce Criticism
Criticism has been fast and fierce to a California legislative proposal that would require any nonprofit engaging in charitable solicitation…
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Charitable Giving and Reform Proposals Snag Donor-Advised Funds, Compensation
Looks like it’s about that time again—several proposals around charitable giving and charitable reform have surfaced, and at least one…
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New York Law Puts Spotlight Back on Nonprofit Governance
New York recently enacted the Nonprofit Revitalization Act, which affects not only New York nonprofits, but nonprofits formed in other…
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